Woofun AI data shows that cryptocurrency primary market financing totaled $8.658 billion in the first half of 2026, representing a 26.1% year-on-year decline alongside a 28.5% drop in event count. March and May recorded peak activity with 66 and 68 events respectively, whereas June saw a reduction to 43 events, signaling cooling momentum toward the quarter's end.

Mergers and acquisitions accounted for 75 transactions, with 16 disclosing specific values totaling approximately $3.836 billion. Major deals included Mastercard’s $1.8 billion acquisition of BVNK and Kraken’s $600 million purchase of Reap. Coinbase Ventures led investment frequency with 25 participations, followed by Animoca Brands with 20. DeFi, infrastructure, and CeFi remained the most active sectors, while AI, payments, and RWA attracted significant capital interest.